What are the responsibilities and job description for the Pharmacy Financial Analyst - Ethica Pharmacy Solutions position at M3 Insurance?
The Opportunity
Are you a numbers enthusiast with a passion for healthcare analytics? As a Pharmacy Financial Analyst, you'll be diving into the world of pharmacy benefit management (PBM) financial analysis. You'll use your analytical skills and growing industry knowledge to provide valuable insights that support business growth and enhance client experiences. This role offers an exciting blend of financial analysis, data interpretation, and collaborative problem-solving, making it an ideal opportunity for ambitious analysts looking to make their mark in the dynamic field of pharmacy benefits.
How You Will Make an Impact
- Take ownership of analyzing pricing structures for PBM services and providing financial assessment support for client contracts.
- Lead the review and analysis of PBM financial models, including clinical savings, pharmacy rebates, and drug pricing trends.
- Manage the financial aspects of the RFP process, collaborating with cross-functional teams to develop and enhance proposals.
- Prepare comprehensive financial reports and executive summaries, highlighting key trends, risks, and opportunities in PBM performance.
- Contribute to PBM audit processes, ensuring data integrity and assessing financial performance against guarantees.
- Stay informed about pharmacy benefit regulations and ensure compliance with financial reporting requirements.
What You Will Need to Succeed
- Bachelor's degree in Finance, Economics, Business Administration, or a related field.
- Minimum of 3 years of experience in healthcare financial analysis, preferably with a PBM or managed care focus.
- Strong knowledge of pharmacy language, drivers of pharmacy costs, and PBM contracts.
- Advanced proficiency in Microsoft Excel and experience with financial modeling and forecasting tools.
- Experience with programming languages such as SAS, SQL, Python, and R.
- Familiarity with business intelligence platforms (e.g., Tableau, Power BI, Ringmaster).
- Excellent analytical thinking and problem-solving abilities.
- Strong communication skills with the ability to translate complex financial concepts for non-technical audiences.
Join Us
Your role at M3 won’t be about the boundaries presented in a job description – it’s about the possibilities that you can envision once you walk through the doors on your first day. We’re looking for people ready to take control of their career and excited to make a real impact with their position.
Who We Are
As an insurance broker, M3 helps you manage risk, purchase insurance, and provide benefits to your employees. We partner with clients on everything from property & casualty and employee benefits to personal lines, executive benefits, and employer-sponsored retirement plans. And, we’re privately owned and independent which means we’re doing what’s best for our clients – not what’s best for Wall Street or private equity.
What Draws People to M3
Autonomy— Being able to work towards a common goal, but how you get there is an open book.
Immediate Impact— Every M3er can make an impact, from day one in any role.
Powered by Team— Be a part of a close-knit group of team members with whom you build trust and share responsibility.
People— Every M3er is unique in their own way, M3 is a collection of unique achievers.
At M3 Insurance experience the best of both worlds with our dynamic flexible work environment. Enjoy the flexibility to work remotely while still fostering collaboration and innovation in our office spaces. We prioritize work-life balance and empower our employees to thrive in a supportive and inclusive atmosphere.
Benefits as an M3er
Joining the M3 team means gaining access to a host of exceptional benefits and perks. Our benefits package is continuously evolving to cater to the needs of our team members. From flexible time-off and paid parental leave to employee appreciation events and volunteering opportunities, we prioritize the well-being and satisfaction of our employees. Additionally, our profit-sharing program ensures that every member of our team shares in the success of our organization. These enticing benefits showcase our commitment to nurturing and retaining top talent within our organization.
Diversity, Equity & Inclusion
M3 is building a culture focused on learning and progression, where M3ers are empowered by education, inclusive conversations, and real action that supports the future we envision.
Equal Employment Opportunity
M3 is committed to providing equal employment opportunity for all qualified individuals regardless of their age, sex, color, race, creed, national origin or ancestry, religion, marital status, military status, sexual orientation, disability/handicap, family responsibilities, non-relevant arrest or conviction records, or any other basis protected by law. In addition, we are committed to fully observing all relevant non-discrimination laws, including those regarding veterans’ status, and will make reasonable accommodations for otherwise qualified individuals as appropriate.
This commitment is reflected in all M3’s practices and policies regarding hiring, training, promotions, transfers, rates of pay, and layoff, as well as in all forms of compensation, granting leaves of absence and in any other conditions of employment. All matters relating to employment are based upon ability to perform the job.
In the best interests of M3 and all of its employees, every employee is to make every effort to avoid bias or prejudice in the workplace with regard to the above categories.
